JGC wins Sohar Refinery contract in Oman

Japan’s JGC Corporation has won a lump-sum contract from Sohar Refinery Company, a state-owned petroleum company in Oman, to construct the company's Sohar Refinery Project, at a contract price of some

Japan’s JGC Corporation has won a lump-sum contract from Sohar Refinery Company, a state-owned petroleum company in Oman, to construct the company's Sohar Refinery Project, at a contract price of some $880 million.

This refinery is to be built in Sohar, about 250 kilometers northwest of Muscat, Oman. JGC provides overall design, equipment/materials procurement, construction and commissioning services. Completion is scheduled for the first half of 2006.

JGC carried out font-end engineering design (FEED) work for this refinery in 2000. Recently put up for an international bid, this project involved competition with European/Korean joint ventures. The buyer credit is expected on a limited finance basis from Japanese ECA, JBIC and NEXI.

JGC Corporation is an international engineering and construction company based in Yokohama, Japan, having multiple operating centers and executing large scale projects world-wide. JGC is currently executing projects in Nigeria, Algeria, Saudi Arabia, Malaysia, Australia and Venezuela.

Established in 1928, JGC has a strong background in lump sum turnkey operations of both hydrocarbon and non-hydrocarbon related projects with annual sales turnover of approximately three billion dollars. — (menareport.com)